22021 Commerce Dr
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22021 Commerce Dr
32,400 SF Vacant Industrial Building Woodhaven, MI 48183 $2,700,000 ($83/SF) 6.66% Cap Rate
Executive Summary
This property boasts 32,400 square feet of space with front offices and 9 garage bays. The Woodhaven Industrial Building was built in 1997 and has been well maintained over the years with many updates. The building has 8 total drive-in bays with 14’w x 16’h overhead doors, plus 1 exterior truck dock. The building has warehouse ceiling height of 24’, with 400-1,200 amp 3-phase Heavy power and recently updated wet sprinkler system. Over $220,000 in capex has been invested over the past 2 years including 2-5 ton RTU rooftop units, new security systems, electrical bus and wall packs and more. There is personal property at the property that is not included in the sale.
Financial Summary (Pro forma - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro forma - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Amenities
- Fenced Lot
- Air Conditioning
Utilities
- Water - City
- Sewer - City
- Heating - Gas
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PROPERTY TAXES
| Parcel Number | 59-079-99-0001-710 | Total Assessment | $553,800 |
| Land Assessment | $0 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $0 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
59-079-99-0001-710
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$553,800
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
zoning
| Zoning Code | I1, Woodhaven |
| I1, Woodhaven |
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22021 Commerce Dr
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